4//SEC Filing
Lewis Catherine J 4
Accession 0001104659-23-029397
CIK 0001576914other
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 11:22 AM ET
Size
8.7 KB
Accession
0001104659-23-029397
Insider Transaction Report
Form 4
Lewis Catherine J
Executive Vice President
Transactions
- Exercise/Conversion
Ordinary Shares
2023-03-03$0.26/sh+345,252$89,766→ 2,675,515 total - Exercise/Conversion
Stock Appreciation Rights
2023-03-03+825,000→ 0 totalExercise: $0.26→ Ordinary Shares (345,252 underlying)
Footnotes (4)
- [F1]Shareholders are advised of the following information relating to dealings in securities by a director of MiX Telematics relating to the exercise of share appreciation rights ("SARs") under the MiX Telematics Limited Long-Term Incentive Plan ("LTIP"). Catherine Lewis is exercising 825 000 SARS, equating to 345 252 ordinary shares, granted to her under the LTIP as set out in the table above, and her intention is to sell 172 626 (in large part to cover the immediate tax obligation arising from the exercise of the SARs) and retain 172 626 shares issued to her in respect of these SARs. At the conclusion of this process, Catherine Lewis's total shareholding will have increased to 2 502 889 MiX Telematics ordinary shares.
- [F2]For purposes of this table, the award price has been converted, based on the South African Rand/U.S. dollar exchange rate in effect as of grant date.
- [F3]The Stock Appreciation Rights time vest in 25% tranches beginning on the second anniversary of the grant date subject to the executive's continued employment, provided, however, that the grant is also subject to a performance based condition that a minimum total shareholder return of 10% must be achieved prior to the date that the grant expires. These Stock Appreciation Rights were granted on May 30, 2017 and expire on May 30, 2023.
- [F4]825,000 Stock Appreciation Rights were exercised equating to 345,252 ordinary shares (equivalent to 13,810 ADRs) based on an intrinsic value of 2.49 Rand (equivalent to $0.14) and an exercise price of 5.95 Rand (equivalent to $0.33). The conversion prices reflects the approximate U.S. dollar conversion rate of R18.1656 as of March 3, 2023.
Documents
Issuer
MiX Telematics Ltd
CIK 0001576914
Entity typeother
Related Parties
1- filerCIK 0001809489
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 11:22 AM ET
- Size
- 8.7 KB